CPO Ends Mixed Following Tax Exemption

KUALA LUMPUR: Crude palm oil (CPO) futures prices on s ended mixed amid positive news that the government exempted CPO export tax for September and October.

Phillip Futures derivatives specialist David Ng said this exemption would encourage buying interest especially from India.

At the close, September 2014 increased RM6 to RM2,041 a tonne, October 2014 added RM6 to RM2,039 a tonne, November 2014 fell RM5 to RM2,025 and December 2014 slid RM8 to close at RM2,057 a tonne.

Volume decreased to 62,494 lots from 69,020 lots on Thursday while open interest fell to 348,491 contracts from 353,413 previously.

On the physical market, September South added RM10 to RM2,060 a tonne.Bernama

 

Source : New Straits Times

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